Coca-Cola Amatil loses its fizz

The share price of Coca-Cola Amatil has fallen 14% as management expects interim earnings before interest and tax (EBIT) to fall 15% due to lower demand and cost pressures in the Australian and Indonesian markets. This is the second time earnings have been revised downwards in the past six months (see Coca-Cola Amatil warns on 2013 profit on 6 Nov 13 (Sell – $12.15)), prompting a restructure of the business (details haven't been announced).

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